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and in the united states. i see the lowest levels i've seen oil. oil is down 20% this week. those are your two indicators that markets are telling you that's what they are worried about. >> demand goes lower. of course, yields go lower and you wonder how low the fed will want them to go, huh? >> from a market perspective, it's going to be very difficult to trade more than 20 basis points either side of 2% for a while. especially after the failed selloff after the march 13 fed statement which gave us one shot at a selloff which brought us to a 240 yield. >> one question is you don't see any catalyst on the horizon that is going to take that uncertainty off the table until after the november election. i mean, what reaction have you seen? that's where the action is, the fed. you're not going to see much change until we get the clarity that we need. >> a couple things could happen. you're absolutely right. no obvious catalyst. at this point, at this rate with the way the data is going, i don't foresee ben bernanke doing any more than he's already done. no further hints than that. i do think that i
in the united states. here's the kind of day we've had here. a pretty good rally on the open. now it's up 95 at 12,550. nasdaq up almost a full percentage point. 26-point gain at 2864. s&p 500 index up to 1328. >> of course, bill, the big story is facebook continuing on a downward spiral. the stock tumbling to a new low and falling below the $29 a share mark. we've got speculation of a facebook smartphone and another potential acquisition, really doing little to drum up business. the ipo price was at $38 a share. the company has now left more than $25 billion in market value just in the last seven trading sessions as a public company. >> ouch. >> yeah. ouch is right. of course, this market is off the highs of the session as the falling euro is taking the wind out of the rally. is this a sign that markets are still locked in the fear trade, bill? >> courtney reagan has been spending the day with us at the new york stock exchange. rick santelli is at his perch. michael pento is with us and steve with sun america asset management. rick santelli, i'm going to start with you. it seems to me we ha
't get its financial house in order. take a listen. >> unless the united states begins to make inroads and that's called the struck sturl deficit that the cbo and imf identified as 6 to 7% greater than any other country other than japan and the united kingdom. we're headed to aa territory. >> a pretty bold statement from him himself. is downgrade possible? you know, that -- i will say, it didn't move the markets. >> it did not. >> it's still a possibility. >> it rallied since the last effort. >> it's something we all know. if we look around the world, yes, we certainly have our problems on the fiscal side of things. we're still doing much, much better than other parts of the world, as michelle knows better than anybody. i think investors wouldn't come as unexpected given the issues that the united states faces. >> and that's almost a short -- that's a long-term concern and this market is very short-term oriented. we were most concerned about spain and whether it's going into recession and today we are rallying on a manufacturing report. >> i think there are reasons to be concerned. the
% of the earnings with the s&p 500 are outside the united states. europe is an important component. we should be down somewhat. if our markets are going to do better than the rest of europe, we should be doing better and i think the markets are reacting rationally. the issue is what is going on with spain. spain is facing nationization. >> they are contemplating cash going into the collection of the seven savings banks that is a break. that is a u-turn and opens up the fear that more tax money might have to go in. of course, the other spanish barvegs with bad loans. they are going to have to raise that. >> there's no leadership there. there's nobody there to say we don't want this traunch and who is there to endorse the check when it arrives? >>. >> well, a proportion of it is until it's needed in june, if you look at what the germans and chiefs are saying around europe, if they don't, to the extent it can be put through, the implication is that greece will be asked to leave the euro zone possibly this summer. that's what we're talking about. >> predicks. let's say, hypothetically speaking, i
minutes left here to go. dow off the lows of the seg. the next guess says the united states is what could do our market an economy. he's got a big warning about friday's jobs number as well. as we head to the break, here's the sea of red based on the s&p 500 components. back after this. tdd# 1-800-345-2550 we're hitting new highs. tdd# 1-800-345-2550 and i'm on top of it all with charles schwab. tdd# 1-800-345-2550 tdd# 1-800-345-2550 i use streetsmart edge and its tools like... tdd# 1-800-345-2550 screener plus - i can custom build my own screens tdd# 1-800-345-2550 or use predefined ones. tdd# 1-800-345-2550 and i can trade wherever i want, tdd# 1-800-345-2550 whenever i want. tdd# 1-800-345-2550 the kicker? tdd# 1-800-345-2550 i pay $8.95 a trade. tdd# 1-800-345-2550 that's a deal in any language. tdd# 1-800-345-2550 open an account tdd# 1-800-345-2550 and trade up to 6 months tdd# 1-800-345-2550 commission-free. tdd# 1-800-345-2550 call 1-866-393-6174. that could adapt to changing road conditions. one that continually monitors and corrects for wheel slip. we imagined a vehicle that ca
in the united states and, of course, the drama in greece on whether or not new elections will allow greece to stay in the eu and remain with the euro zone. so right now the dow is down just seven points with this tug-of-war that is going on, maria. >> we're watching that. and we have a market that is really tightly traded today take a look at jpmorgan after falling more than 10% in the wake of the $2 billion trading debacle. meredith whitney says the next several months will not be pleasant for jpmorgan and getting past this issue by year end, as it hopes, is not guaranteed. she is here to join us to talk more about that always nice to see you. thank you for joining us. you say it could not have come at a worse time with auflt pressure on the banks and you don't necessarily think that this is going to go away very soon. how is this playing out? >> there is a civil inquiry, a federal inquiry, a department of justice inquiry, and so that just means jpmorgan's name is going to be dragged through the headlines unpleasantly and then if there's a congressional inquiry and they have to explain th
in the united states. i think there's still short-term downside risk in the market but i think the central banks, unfortunately, are not going to allow a substantial collapse in stock prices. ultimately you'll see a reversal and nominal stock prices will rise. it's not going to be good economic prices. it's not going to be good for the economy. that's exactly what we don't need. >> let's talk about that. peter, what is your expectation in terms of how this plays out here. a lot of debate on whether we have a disorderly or orderly or do you think greece stays in the euro in. >> i don't even know. several ways it could play out. long term i think the worst thing that could happen for the euro zone is for greece to stay there and you'd have this moral hazard where everybody is basically subsidizing everybody else's profit. the only way that it makes sense for greece to stay in that euro zone is if they the austerity. the euro zone would be better off if greece left and i think there's more of a long-term threat for greece remaining in the euro. that is overblown. the politics are very strong. there
but they still like seeing what they see here in the united states. >> that's a good assessment. europe is going to be a problem. and even with the comeback in recent years, they are making billions of dollars on far lower industry volume. these are fundamentally changed companies and i think that's part of the quarterly fluctuations. >> how much of a drag will europe be? it's a huge question for a lot of industries but especially for the autos, right? >> that's right. they had major exposures in europe. no doubt about that. it will be a drag. and also china is slowing down. but, you know, people do need automobiles in the third world and in the emerging market sector. i think there's a lot of room for growth in this industry, yeah. and, again, some of the momentum that they have in the united states is going to continue for a while. >> who are you seeing as the real strong leaders right now? general motors has emerged now. that was a good report there. are they all doing as much as they can here in the u.s.? >> i think they are honestly. gm, from an investment standpoint, is that treasury still
's what i think it is. we're not -- exports are not as big a thing for the united states as some other countries. u.s. is very competitive right now. there's an energy boom going on in the u.s. consumer spending's hanging in, et cetera, et cetera. i think the u.s. is holding up well, but if there was a disorderly exit, that would be another story. >> david, let me pose the same question to you. i mean, it seems every day, you know, when there's a problem in europe it reverberates around the world. any given day this could be a major problem for markets. are you worried? how worried you about europe? how much of a threat is that severe recession to the rest of the world? >> hi, maria, hi, bill. i'm very worried about europe. they've been going the wrong direction for a couple years and it puts us as risk. the reason it falls over on to us is because if you think about world gdp, $72 trillion right now, and if the euro, itself, begins to unravel, that hurts world gdp. for example, you could lose $2 trillion of world gdp if europe -- if there were quakes in the euro. so that's one problem
the topic. that's all we are looking at here in the united states as well. >> well, wolfgang came out, the jeerm an financer, and said this is it. if you want out of the euro, wur yay out is to vote for the left who want out. so they are pretty obvious about what they say. >> i love sha play and his transaction tact ticks. on top of the 83% in france. >> the french are supporting a financial transaction tax as well. i think that's very likely to happen. but let me tell you what i'm worried about today. a little bit here, little bit there. we have a correction going. just because we are not doing as bad as europe doesn't mean we aren't having a tough time. i look at insiders here. 2500 declining stocks and 500 advancing stocks. what? light volume. and it's like this everyday. bill and marimaria, only one da the last nine where there is a descent advanced decline line. surely, build up real damage here. we pass on the s&p 500, we are at the lowest level since the beginning of february right now. and the financials have got no energy. industrials aren't moving that much. >> but we have t
. in the united states in '08 we handled it by the fdic raising the deposit rates that they protect, and i think there is an easy backstop here which is difficult probably politically which would be that the ecb backs euro backed banks and that would prevent the run on banks either before or after greece were let loose. >> david, are we already seeing the greeks take money out of those banks and put it in sort of seemingly stronger banks like the deutsche banks or other european banks of the world? have we already started to see the greeks withdrawing some money from those greek banks on all this uncertainty? >> absolutely. i think there has been some reports out that there has been money flowing in the french and german banks. the smaller depositors may stick it under their mattress. >> i had one ceo tell me his depositors were burying it in their backyards, maria. >> oh, god. >> what that does, rick santelli, we just showed it there, the euro continues lower here. the dollar is a little higher, and all the markets are responding to that. are they ignoring fundamentals in this case or is it jus
a major role in what happened in the markets in the united states. joining me with his thoughts is co-president of insurance institutional securities for morgan stanley. he's the head of the mid-east africa and asia pacific business. good to see you again. >> good to see you. >> thank you for joining us. you've got a lot on your plate these days. i realize that. later we're going to talk about facebook with james gorman. give us your take on imf in terms of the imf bailing out spain. do you believe it will play out this way? >> well, spain has strong links with the imf. i think what is happening here is that there is a push and bull between countries that want, in addition to fiscal austerity, some looseness and spending in order to boost consumption and so on. and the germans clearly are holding very fast about what needs to be done. so the imf coming in has probably a good way of breaking some kind of road block. >> so you think it will happen? >> i think the imf is very concerned about the systemic risk and the interconnectiveness in the euro zone issue. >> do you think greece leav
in profits. that's including the $2 billion that they lost. probably the most profitable bank in the united states. it makes it sound like they are going to lose a fortune and they are not. >> let's face it, if we were not talking about jamie dimon, wouldn't we be talking about the demand of a resignation of a bank that lost $2 billion in this case? >> maria, i have to point out that i was at merrill lynch when we had a trader that lost $3 billion. he got fired and was hired by bear stearns and had a great year. $300 million 20 years ago, you're at $2 billion now. >> deborah, you say at some point facebook will have to give into the demands of the soex shareholders. let's talk about that. what do you see happening with the facebook deal and how would you see the business change? >> well, you know, every company gets to that point, where the shareholder screams that they want more revenue and want to you change things. that's going to be the moment of trust and honesty with facebook. they have all of this information on all of us and are they going to mind that information at some point? i t
a look at yields in the united states, they are also on the rise today as investors take a break from the flight to safety trade. we've got bond prices down, rates up a fraction and money moving into he can request it teas. the dollar losing steam after the big runup that we saw the last couple of sessions and investors getting more clues. tomorrow when we get the latest consumer sentiment and consumer price index report, they could be market movers. we'll be watching those to see what the tone will be set from those releases. or row zone uncertainties keeping investors and the markets on edge. we kick off this final hour of trading. bill? >> we have bertha coombs joining us today at the big board. glad to have you on board. in chicago it's rick santelli. steve liesman is back at headquarters wishing he were fishing. i'm sorry. i had to give it away there, steve. bertha, a bounce, i guess. we'll see if this will last. we're losing steam in the final hour. >> this morning i was saying on the seventh day we took a rest. the bears took a little bit of a rest it seems today and decided th
and invest ovrs, and borrowers here in the united states. first interest rates go down, as a safe haven play comes into effect, so as they rush into treasuries we've got yields on the ten-year note near record lows. that means mortgage rates are going down, i'm sure doug is grateful for mortgage rates to be as low as they are. >> that's helped the market for sure. >> it hasn't hurt, that's for sure. >> the other positive, energy prices come down action gasoline is among them, and they couldn't come at a better time. gasoline costs are coming down. coming back almost to the lows for 2012 at this point, thank you, strong dollar. >>> we're coming back with the closing countdown. >> then after the bell, full team coverage of this big comeback, and instant analysis. we heard from dell last night, we know that was a disaster, checking in at hewlett-packard, the numbers are out right after 4:00. stay with "closing bell." back in a moment. n a moment. today is gonna be an important day for us. you ready? we wanna be our brother's keeper. what's number two we wanna do? bring it up to 90 decatherms. h
here in the united states, or does it present a buying opportunity in your view? >> it's more of a function, bill, of what has gone on over the last couple of weeks. when risk is off, the dollar strengthens. it's a pretty good place to hide. not so much of a problem at this level for international corporations. i think we're looking at about high single digit returns, total returns from markets in january. we got all of that and then some in the first quarter. so we expected a bit of a pullback here based on the fact that price to earnings ratio is going to have a tough time expanding with all this night that is still out there. but they shouldn't contract too much more. so we're viewing this pullback as more of an opportunity to pick our spots in asset classes, sectors, and individual stocks. >> what is your favorite sector, then? >> favorite sector right now continues to be, we still think economic growth will be reasonably good. so we like technology, and we like industrials. >> what is your best idea right now, stef? >> i think the companies are going to benefit from the l
Search Results 0 to 15 of about 16